by AIP Online Bureau | Jun 25, 2020 | Eco/Invest/Demography, International News
WASHINGTON: The Federal Aviation Administration (FAA) on Wednesday finalized a directive requiring airlines to complete inspections of a key component of Boeing 737 MAX airplanes that, if faulty, could result in a loss of power to the engines. The FAA,...
by AIP Online Bureau | Jun 25, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management
FRANKFURT/NEW YORK: Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company’s...
by AIP Online Bureau | Jun 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic
GENEVA: The world faces a shortage of oxygen concentrators as the number of worldwide cases of coronavirus infection nears the 10 million mark, the World Health Organization head said on Wednesday. “Many countries are now experiencing difficulties...
by AIP Online Bureau | Jun 25, 2020 | Eco/Invest/Demography, Indian News, Risk Management
NEW DELHI: Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India’s border tensions with China, as Indian ports hold up imports from China, two sources told Reuters on Wednesday.Though no government notice has been...
by AIP Online Bureau | Jun 24, 2020 | Indian News, Reinsurance
Mumbai: State owned GIC Re, at Rs 1,197 crore, has seen its net profit almost doubling year on year in Q4 FY 2019-20.In Q4 FY 2018-19, the reinsurer ‘s net profit stood at Rs 603 crore. The listed reinsurer’s gross global premium...
by AIP Online Bureau | Jun 24, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic
London: The COVID-19 pandemic may lead to 95,000 additional tuberculosis (TB) related deaths in India over the next five years, due to disruptions to health services, and delays in diagnosis and treatment, according to a study published on Wednesday. The...
by AIP Online Bureau | Jun 24, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic
LONDON: Britain on Tuesday announced an easing of social distancing rules from July 4, reducing the recommended gap from 2 meters to “1 meter plus” in England as it further loosened lockdown measures meant to curb the COVID-19 pandemic. ...
by AIP Online Bureau | Jun 24, 2020 | International News, Non-Life, Reinsurance, Risk Management
ISLAMABAD: The pilots of the Pakistan International Airlines (PIA) plane that crashed last month were not focussed and they were discussing coronavirus during the flight, the country's aviation minister told Parliament on Wednesday as he pointed out their...
by AIP Online Bureau | Jun 24, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts
JOHANNESBURG: Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday. Environmentalists...
by AIP Online Bureau | Jun 24, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Grand Cayman, Cayman Islands:. CCRIF paid the Government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms Amanda and Cristobal. The policy was...
